8/9/2019 MA Snapshot July 2010
1/2
DEALS INTELLIGENCE I JULY 2010
TOP 10 WORLDWIDE M&A DEALS - JULY 2010
MERGERS & ACQUISITIONS SNAPSHOT
July M&A Totalled US$183bn - Global M&A reached US$182bn
this month, and totalled US$1,269bln so far in 2010, up 10% from
the same periodlast year. US targeted M&A reached US$57bn this
month, down 22% from same month last year, its lowest level of
activity in July since 2004(US$56.7bn), meanwhile European activity
is up 48% from last July with US$58bn worth of deals announced.
Announced Asia Pacific M&A is stable aUS$33bn.Private equity
backed M&A up to 2 year high -With US$27.4bn announced in July,
private equity backed M&A recorded its best level of
activity
since July 2008 (US$30.4bn). PE backed M&A accounts for 15%
of overall M&A activity. Tomkins' US$4.6bn aquisition is the
largest M&A deal of themonth and the largest buyout since the
2009 buyout of IMS Healthcare by TPG Capital & Canada Pension
Plan (US$5.0bln).Mega Deals at 18 months low - For the first time
since January 2009 there were only 2 deals above the US$5bln mark
in July, the US$9blnacquisition of EDF's UK grids and the US$5.5bln
acquisition of Southern Copper.
Emerging markets M&A down in July - Emerging markets monthly
M&A activity declined over the last 3 months to US$41.2blnthe
lowest level of activity since April 2010 (US$36.2bln). After
accounting for up to 47% of global M&A in January this
year,emerging markets now accounts for 25%.
M&A COMMENTARY
M&A FUNDAMENTALS
EUROPEAN TARGET M&A
WORLDWIDE M&A
ANNOUNCED M&A VOLUMES
ASIA PACIFIC (EX JAPAN) TARGET M&A
US TARGET M&A
TOP 5 ANNOUNCED M&A FINANCIAL ADVISOR RANKINGS - JANUARY TO
JULY 2010
$105
$42
$75
$39 $
52
$60
$52
$29
$32 $
48
$29
$60
$90
$58
$43
$48
$25
$14
$34
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2009 ($ bln)2010 ($ bln)
$345.8
$334.8
3%
Rank Financial Advisor YoY Rk Chg. Value ($ m ln) Mk t. Shr. #
of deals Rank Financial Advisor YoY Rk Chg. Value ($ mln) Mk t.
Shr. # of deals
1 Morgan Stanley = 251,422.8 19.6 222 1 Goldman Sachs & Co 2
167,361.1 31.0 107
2 Goldman Sachs & Co = 247,743.2 19.3 189 2 Morgan Stanley 1
145,763.4 27.0 97
3 JP Morgan 1 211,831.4 16.5 179 3 JP Morgan 1 124,057.3 23.0
87
4 Deutsche Bank AG 4 211,123.7 16.5 148 4 Bank of America
Merrill Lyn 2 122,953.6 22.8 84
5 Cred it Suisse = 189,732.8 14.8 163 5 Deutsche Bank AG 12
120,379.5 22.3 70
Rank Financial Advisor YoY Rk Chg. Value ($ mln) Mkt. Shr. # of
deals Rank Financial Advisor YoY Rk Chg. Value ($ mln) Mkt. Shr. #
of deals
1 JP Morgan 7 107,677.8 20.9 94 1 UBS 9 48,461.3 15.2 47
2 Morgan Stanley = 105,073.7 20.4 103 2 Morgan Stanley =
38,456.3 12.1 38
3 Deutsche Bank AG 3 103,080.9 20.0 74 3 Deutsche Bank AG 6
35,230.4 11.0 34
4 Goldman Sachs & Co = 91,256.7 17.7 69 4 Goldman Sachs
& Co 3 33,693.8 10.6 53
5 Bank of America Merrill Lyn 4 76,066.6 14.8 40 5 JP Morgan 2
31,169.6 9.8 29
Source: Thomson Reuters
ANNOUNCED WORLDWIDE M&A ANNOUNCED ANY US INVOLVEMENT
ANNOUNCED ANY EUROPEAN INVOLVEMENT ANNOUNCED ANY ASIA PACIFIC
INVOLVEMENT (EX JAPAN)
Value ($mil) Rank Date Target Name Target Nation Sector Acquiror
Name
9,015.9 07/30/10 EDF Energy-UK Power Distn Bus United Kingdom
Energy and Power Investor Group
5,508.3 07/23/10 Southern Copper Corp United States Materials
Americas Mining Corp
4,833.0 07/29/10 Sanyo Electric Co Ltd Japan High Technology
Panasonic Corp
4,626.6 07/19/10 Tomkins PLC United Kingdom Industrials Pinafore
Acquisitions Ltd
4,581.9 07/02/10 Accor Services France SA France Consumer Prod.
& Serv. Shareholders
4,560.0 07/29/10 Panasonic Elec Works Co Ltd Japan Industrials
Panasonic Corp4,543.8 07/12/10 Hewitt Associates LLC United States
Consumer Prod. & Serv. Alps Merger Corp
3,872.1 07/21/10 SSL International PLC United Kingdom Healthcare
Reckitt Benckiser PLC
3,866.5 07/15/10 NBTY Inc United States Healthcare Carlyle Group
LLC
3,314.3 07/22/10 AmeriCredit Corp United States Financials
General Motors Co
Source: Thomson Reuters
$152
$164
$171
$128 $
178
$156
$161
$167
$195
$164
$189
$211
$182$
272
$162
$108
$123
$232
$215
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2009 ($ bln)2010 ($ bln)
$1,268.5
$1,151.6
10%
Jan-Jul 09
Jan-Jul 10
$20
$22 $
32
$27 $
34
$35
$23
$23
$49
$34
$32
$33 $
42
$40
$19
$20
$13
$90
$31
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2009 ($ bln)2010 ($ bln)
$224.1
$215.8
4%
$11
$57
$94
$73
$29 $
40
$28$
37
$71
$62 $
75
$62
$67
$57
$91
$59
$49
$95
$96
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2009 ($ bln)2010 ($ bln)
$430.7
$434.6
-1%
8/9/2019 MA Snapshot July 2010
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Source: Thomson Reuters
Source: Thomson Reuters
Source: Thomson Reuters
M&A TRENDS
WORLDWIDE ANNOUNCED M&A BY DEAL SIZE ($BLN)
WORLDWIDE ANNOUNCED PRIVATE EQUITY-BACKED M&A MEDIAN EBITDA
MULTIPLE
WORLDWIDE M&A BY TARGET REGION ($BLN)
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Scorecard, monthly Deals Snapshots and our industry-leading
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Contact Information:
Americas:
Matthew Toole I (646)-223-7212 I
[email protected] Spero I (646)-223-8817 I
[email protected]
Europe:
Vincent Flasseur I 44(0)20 7542 1958 I
[email protected] Coldwell I +44(0)20
7542 1956 I [email protected]
MERGERS & ACQUISITIONS SNAPSHOTDEALS INTELLIGENCE I JULY
2010
29.4 31.0 37.3 35.7 39.746.6 48.3 40.4
54.2 56.3 56.8 65.241.5 50.0
60.7 51.9 49.963.0 51.6
9.2 13.212.1 9.8 10.9
22.5 21.6 11.9
25.0 21.4 24.626.0
8.4 13.9
30.324.4 25.8
24.429.047.6 32.7
36.4 40.3 37.2
51.636.1
37.9
54.0 53.2 55.158.8
35.5
43.7
69.3
49.7
86.6 70.2 88.876.0 74.677.9
22.536.4
152.7
64.7
37.9
47.525.2
96.6 65.7
75.959.2
35.0
38.4
27.353.3
14.5
0
50
100
150
200
250
300
Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09
Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10
Jul-10
$.001-$500m $500m-$1b $1b-$5b $5b-Hi
15
.8
24
.5
36
.9
23
.8
22
.3
34
.6
30
.4
14
.6
11
.0
9.5
6.1
6.4
5.2
4.0
7.8
1.5 6
. 8 8.9
5.7
9.4
20
.6
19
.8
18
.9
13
.9
7.07
.8
13
.7
13
.1
19
.0
16
.6
27
.4
5
10
15
20
25
30
35
40
45
Jan-0
8
Mar-0
8
May-0
8
Ju
l-0
8
Sep-0
8
Nov-0
8
Jan-0
9
Mar-0
9
May-0
9
Ju
l-0
9
Sep-0
9
Nov-0
9
Jan-1
0
Mar-1
0
May-1
0
Ju
l-1
00%
2%
4%
6%
8%
10%
12%
14%
16%
18%Global Announced PE-backed M&A ($bn)
PE-backed M&A as % of Total
6
7
8
9
10
11
12
13
14
Q1
07
Q2
07
Q3
07
Q4
07
Q1
08
Q2
08
Q3
08
Q4
08
Q1
09
Q2
09
Q3
09
Q4
09
Q1
10
Q2
10
Q3
10
PE-Backed M&A
Global M&A
31,39615,059
27,50122,837
33,818
38,77837,133 23,321
41,630
57,549
45,70753,906
75,925
47,938 54,05836,276
49,79744,552 41,203
32,663
105,026
36,584 11,448
20,148
68,006
34,46749,871 56,284
36,124
44,90137,960
27,321
29,998 45,167
27,166
45,956 73,666 55,747
90,970
11,097
57,14059,132
49,218
94,104
72,946
29,29139,667
28,475
94,628
95,691
37,082
70,905 61,56974,980
61,52867,426
57,427
7,18720,405
42,608
14,311 19,92171,573
26,17225,660 40,217 33,400 46,948
27,649 20,508 18,03134,464 25,412 31,249
25,18541,610
0%
20%
40%
60%
80%
100%
Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09
Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10
Jul-10
Emerging Markets Western European US Other Deverloped
